Persistently High Retail Prices, Soft Demand Cloud Outlook for U.S. Pork Producers
Soft domestic demand for pork and a murky outlook for U.S. pork exports are compounding the market challenges.
- Soft domestic demand for pork and a murky outlook for U.S. pork exports are compounding the market challenges.
- Persistently high retail pork prices and a decline in food-at-home spending in the U.S. are limiting domestic consumption growth.
- “Ultimately, these challenges all fall on the shoulders of pork producers,” said Brian Earnest , lead animal protein economist for CoBank.
- “But longer term, if retail pork prices begin to return to a normal level it should help domestic demand recover.